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COMPARED with the equipment used in most industrial processes, the open-hearth furnace has a relatively short life. The most important quality of an open-hearth refractory, therefore, is its rate of failure. This discussion of the physics and chemistry of the individual refractory materials will keep upper- most the question "Why, how, and where does it fail?" CAUSES OF FAILURE The principal causes of failure of open-hearth refractories are, in their order of importance: 1.Reaction with iron oxides. 2. Reaction with slag. 3. Flow and failure under load. 4. Melting. 5. Spalling. 6. Mechanical breakage. Reaction with Iron Oxides and Slag. Reaction with iron oxides and slag is by far the most important cause of failure. Liquid iron oxide comes near to being the "universal solvent" sought for by the alchemists. Among the materials commonly used in the open-hearth furnace, magnesia has the greatest resistance to this liquid and fireclay the least. The relations of iron and oxygen at high temperatures are illustrated in Fig 14-18. The liquid iron oxide that forms wherever iron is in contact with air or combustion gases cannot be given a definite formula. The percentage of oxygen at steelmaking temperatures may range from 21 to 28 (iron 79 to 72), depending upon the temperature and the oxygen pressure and also upon whether or not the liquid is in equilibrium with metallic iron. Oxide mixtures exist not only in the solid and liquid phases but also in the vapor phase, for metallic iron and its oxides have

Jan 1, 1951

By Qinghua Tian, Zhipeng Xu, Dong Li, Xueyi Guo, Liu Zhu

A possible process for extracting tellurium and antimony from a residue generated in alkaline sulfide leaching of telluriumbearing alkaline skimming slag was proposed. The central composite design was employed to define the optimal leaching conditions for tellurium and antimony extractions from the residue sample. Using a 23 factorial matrix, the best performance for tellurium and antimony extractions (96.36% and 99.64%) were obtained at 175 g L−1 Na2S concentration for 80 °C during 60 min. The notable degree for influencing tellurium and antimony extractions was leaching temperature, Na2S concentration, and leaching time. The analysis of variance results indicated that the regression model was significant and suitable to be used for the optimization of independent variables within the range. The model was validated under optimal operating conditions based on the experimental design results. Antimony and tellurium in the leach liquor were separated and recovered by H2O2 oxidation followed by Na2S-Na2SO3 reduction. 98.93% of antimony was precipitated selectively during H2O2 oxidation, while 95.06% of tellurium was precipitated during Na2S-Na2SO3 reduction. NaSb(OH)6 and elemental tellurium was obtained as the product.

By Héctor Benavente Revilla

El presente texto señala la ubicación y acceso, reseña histórica, geología general y operación del yacimiento aurífero San Antonio de Poto, provincia de Sandia, distrito Ananea, ubicado en el departamento de Puno.

Mar 1, 1978

By Yuting Xue, Brijes Mishra

The relaxation test on sandstone specimens showed typical behavior in pre-failure region and stepwise behavior in the postfailure region. Overall, more significant stress relaxation occurred within the failed specimens than the intact ones. Numerical simulations were conducted with pre-defined failure plane and with Voronoi tessellation to visualize the relaxation behavior. The model with pre-defined failure plane showed the key role of failure plane and asperity in simulating the step-wise post-failure relaxation behavior. The inhomogeneous stress distribution within failed specimen and the viscous deformation of intact rocks induced high stress concentration at the asperities. The observed step-wise relaxation initiated from the failure of asperity. Furthermore, the simulations with Voronoi tessellation showed time-dependent fracture development during relaxation in post-failure region. The presence of fractures completely changed the stress distribution. Stress concentration occurred at the front area of fractures and at the interacting areas between fractures. During relaxation, fractures still developed with time and the sudden significant increase in the “damage” coincided with the acceleration of stress relaxation leading to step-wise relaxation. Finally, the results showed the possibility of using residual strength as the long-term strength of failed rock.

Jun 25, 2020

By Jr. Sharkey

The Bureau of Mines investigated gases from flash and laser irradiation of Pittsburgh seam (hvab) coal to determine the action of high temperatures on coal. Temperatures in excess of l,000° C were reached with both types of irradiation. Craters about 300 microns in diameter were produced in the coal with millisecond pulses from the laser unit rated at 1.7 joules' output. Gaseous products from laser and flash irradiations in vacuum contained 21 and 8 percent acetylene, respectively. Diacetylene, vinylacetylene, and other products to molecular weight 130 were indicated in the mass spectrum of the gas from the laser study. Single experiments were also conducted in which the laser energy, particle size of the coal, and atmosphere were varied. The results indicated that the distributions of products obtained from the flash and laser irradiations of coal were different from that produced in high-temperature carbonization.

Jan 1, 1966

By Glenn S. Wyman

CHUQUICAMATA, located in northern Chile in the Province of Antofagasta, is on the western slope of the Andes at an elevation of 9500 ft. Because of its position on the eastern edge of the Atacama Desert, the climate is extremely arid with practically no precipitation, either rain or snow. All primary blasting in the open-pit mine at Chuquicamata is done by the churn drill, blasthole method. Since 1915, when the first tonnages of importance were removed from the open pit, there have been many changes in the blasting practice, but no clear-cut rules of method and procedure have been devised for application to the mine as a whole. One general fact stands out: both the ore and waste rock at Chuquicamata are difficult to break satisfactorily for the most efficient operation of power shovels. Numerous experiments have been made in an effort to improve the breakage and thereby increase the shovel efficiency. Holes of different diameter have been drilled, the length of toe and spacing of holes have been varied, and several types of explosives have been used. Early blasting was done by the tunnel method. The banks were high, generally 30 m, requiring the use of large charges of black powder, detonated by electric blasting caps. Large tonnages were broken at comparatively low cost, but the method left such a large proportion of oversize material for secondary blasting that satisfactory shovel operation was practically impossible. Railroad-type steam and electric shovels then in service proved unequal to the task of efficiently handling the large proportion of oversize material produced. The clean-up of high banks proved to be dangerous and expensive as large quantities of explosive were consumed in dressing these banks, and from time to time the shovels were damaged by rock slides. As early as 1923 the high benches were divided, and a standard height of 12 m was selected for the development of new benches. The recently acquired Bucyrus-Erie 550-B shovel, with its greater radius of operation compared to the Bucyrus-Erie 320-B formerly used for bench development, allowed the bench height to be increased to 16 m. Churn drill, blasthole shooting proved to be successful, and tunnel blasts were limited to certain locations where development existed or natural ground conditions made the method more attractive than the use of churn drill holes. Liquid oxygen explosive and black powder were used along with dynamite of various grades in blast-hole loading up to early 1937. Liquid oxygen and black powder were discontinued because they were more difficult to handle due to their sensitivity to fire or sparks in the extremely dry climate. At present ammonium nitrate dynamite is favored because of its superior handling qualities and its adaptability to the dry condition found in 90 pct of the mine. In wet holes, which are found only in the lowest bench of the pit and account for the remaining 10 pct of the ground to be broken, Nitramon in 8x24-in. cans, or ammonium nitrate dynamite packed in 8x24-in. paper cartridges, is being used. This latter explosive, which is protected by a special antiwetting agent that makes the cartridges resistant to water for about 24 hr, currently is considered the best available for the work and is preferred over Nitramon. Early churn drill hole shots detonated by electric blasting caps, one in each hole, gave trouble because of misfires caused by the improper balance of resistance in the electrical circuits. Primarily, it was of vital importance to effect an absolute balance of resistance in these circuits, the undertaking and completion of which invariably caused delays in the shooting schedule. Misfires resulting from the improper balance of electrical circuits, or from any other cause, were extremely hazardous, since holes had to be unloaded or fired by the insertion of another detonator. The advent of cordeau, later followed by primacord, corrected this particular difficulty and therefore reduced the possibility of missed holes. After much experimentation, the blasting practice evolved into single row, multihole shots, with the holes spaced 4.5 to 5 m center to center in a row 7.5 to 8 m back from the toe. Sucti shots were fired from either end by electric blasting caps attached to the main trunk lines of cordeau or primacord. The detonating speed of cordeau or primacord gave the practical effect of firing all holes instantaneously. Double row and multirow blasts, fired instantaneously with cordeau or primacord, proved to be unsatisfactory in the type of rock found at Chuquica-

Jan 1, 1953

By Glenn S. Wyman

CHUQUICAMATA, located in northern Chile in the Province of Antofagasta, is on the western slope of the Andes at an elevation of 9500 ft. Because of its position on the eastern edge of the Atacama Desert, the climate is extremely arid with practically no precipitation, either rain or snow. All primary blasting in the open-pit mine at Chuquicamata is done by the churn drill, blasthole method. Since 1915, when the first tonnages of importance were removed from the open pit, there have been many changes in the blasting practice, but no clear-cut rules of method and procedure have been devised for application to the mine as a whole. One general fact stands out: both the ore and waste rock at Chuquicamata are difficult to break satisfactorily for the most efficient operation of power shovels. Numerous experiments have been made in an effort to improve the breakage and thereby increase the shovel efficiency. Holes of different diameter have been drilled, the length of toe and spacing of holes have been varied, and several types of explosives have been used. Early blasting was done by the tunnel method. The banks were high, generally 30 m, requiring the use of large charges of black powder, detonated by electric blasting caps. Large tonnages were broken at comparatively low cost, but the method left such a large proportion of oversize material for secondary blasting that satisfactory shovel operation was practically impossible. Railroad-type steam and electric shovels then in service proved unequal to the task of efficiently handling the large proportion of oversize material produced. The clean-up of high banks proved to be dangerous and expensive as large quantities of explosive were consumed in dressing these banks, and from time to time the shovels were damaged by rock slides. As early as 1923 the high benches were divided, and a standard height of 12 m was selected for the development of new benches. The recently acquired Bucyrus-Erie 550-B shovel, with its greater radius of operation compared to the Bucyrus-Erie 320-B formerly used for bench development, allowed the bench height to be increased to 16 m. Churn drill, blasthole shooting proved to be successful, and tunnel blasts were limited to certain locations where development existed or natural ground conditions made the method more attractive than the use of churn drill holes. Liquid oxygen explosive and black powder were used along with dynamite of various grades in blast-hole loading up to early 1937. Liquid oxygen and black powder were discontinued because they were more difficult to handle due to their sensitivity to fire or sparks in the extremely dry climate. At present ammonium nitrate dynamite is favored because of its superior handling qualities and its adaptability to the dry condition found in 90 pct of the mine. In wet holes, which are found only in the lowest bench of the pit and account for the remaining 10 pct of the ground to be broken, Nitramon in 8x24-in. cans, or ammonium nitrate dynamite packed in 8x24-in. paper cartridges, is being used. This latter explosive, which is protected by a special antiwetting agent that makes the cartridges resistant to water for about 24 hr, currently is considered the best available for the work and is preferred over Nitramon. Early churn drill hole shots detonated by electric blasting caps, one in each hole, gave trouble because of misfires caused by the improper balance of resistance in the electrical circuits. Primarily, it was of vital importance to effect an absolute balance of resistance in these circuits, the undertaking and completion of which invariably caused delays in the shooting schedule. Misfires resulting from the improper balance of electrical circuits, or from any other cause, were extremely hazardous, since holes had to be unloaded or fired by the insertion of another detonator. The advent of cordeau, later followed by primacord, corrected this particular difficulty and therefore reduced the possibility of missed holes. After much experimentation, the blasting practice evolved into single row, multihole shots, with the holes spaced 4.5 to 5 m center to center in a row 7.5 to 8 m back from the toe. Sucti shots were fired from either end by electric blasting caps attached to the main trunk lines of cordeau or primacord. The detonating speed of cordeau or primacord gave the practical effect of firing all holes instantaneously. Double row and multirow blasts, fired instantaneously with cordeau or primacord, proved to be unsatisfactory in the type of rock found at Chuquica-

Jan 1, 1953

Jan 1, 1947

By Scott A. Stebbins

During 1981, the U.S. Bureau of Mines and U.S. Geological Survey conducted a mineral resource survey of the 6,400 acre (15,800 ha) Lincoln Creek RARE II area (No. 5983) in the Toiyabe National Forest (fig. 1). Samples of outcrops and stream channels contained no significant amounts of economic minerals. A radioactive deposit in a pegmatite dike occurs 1.25 mi (2.02 kin) southeast of the study area, hut similiar deposits have not been discovered within the area boundary. No coal or deposits were found.

Jan 1, 1982

By K. Nagata, T. Kawashima, S. Tejima

The expanding volume of maritime coal transportation is intensifying the problems concerning large vessel service, port construction, trans-shipment, and environmental control. The major problem is the shipment of coal. Customary methods for bulk transfer must be improved and new systems developed. Slurry unloading has a key role in the new systems. This report reviews progress in slurry transportation research that has been done in Japan since the 1960s, when large-scale experiments for domestic transportation were done. Experiments on the effects of vibration on the slurry cargo and on reslurrying are focused on.

Jan 1, 1987

By H. L. Lovall

Huge banks of preparation plant refuse and other non¬saleable materials have accumulated over the years in all major United States coal producing areas. These banks, esthetically and commercially undesirable, can cause air and water pollution and land reclamation and mineral conservation problems for the industry and nearby communities Although some refuse banks have been reworked to recover saleable coal, all remain and accumulation continues. Even those previously processed continue as potential hazards. Among the several problems created by refuse banks, in situ combustion is most treacherous. Of the millions of tons of major accumulations, there are at least 450 refuse banks on, fire at this time Attempts to extinguish such fires are costly, impractical and generally unfruitful. Studies are in progress to evaluate the potential of processing such materials to eliminate the combustion capability and to yield usable fuel and nonfuel products. Aspects of the study now in. development for coal refuse include: (a) evaluation of characteristics (size, sink-float, ash, sulfur and calorific value) of the coal refuse materials which are known to be highly variable, (b) development of an ignition test having significance for in situ conditions, (c) study of processing capabilities (comminution for liberation, pilot plant washing tests), and (d) investigation of potentially significant properties of fuel and nonfuel products which could be altered to enhance their market potential.. Among the latter products are lightweight aggregate, fill for mine slushing operations, construction, etc: Plans are to extend the studies to include the design, erection, and test processing of refuse with a transportable plant,; which could provide basic economic and product utilization data from several locations

Jan 1, 1964

By B. W. Raymond, D. W. Zandee

"IntroductionCoal deposits are found in many regions in Canada and vary widely in their age, quality and rank. All classifications of coal except anthracite are found in significant quantities in this country.Deposits in the Maritimes are mainly bituminous; Lignite is found in Saskatchewan and Ontario and sub-bituminous coal in the plains region of Alberta. The Rocky Mountain coalfields of Alberta and British Columbia contain low and high-volatile bituminous coal and, in a few places, semi-anthracite. The British Columbia interior contains deposits of semi-anthracite, bituminous, sub-bituminous coals and lignite. The Yukon and Northwest Territories also contain substantial deposits of bituminous coal and lignite.Currently Nova Scotia produces both thermal and metallurgical coal, Saskatchewan produces lignite and Alberta produces both sub-bituminous and bituminous coal for thermal purposes. Large deposits of metallurgical coal are now being exploited in the Rockies arefl of British Columbia and Alberta by open pit methods. The raw coal is treated in large capacity preparation plants to remove refuse and upgrade the product to a consistent metallurgical quality with respect to ash, moisture, volatile matter and coking properties.The treatment of coal involves crushing, screening and cleaning by dense medium, jigs, water-only cyclones, tables and froth flotation to produce a diverse range of coal products differing in quality and size for various end uses.The chapter on Crushing and Screening Circuits was concerned mainly with crushing of metalliferous ores to produce a concentrate of one or more valuable minerals which normally constitute a small portion of the original mass of the material treated.Coal differs physically from ores in many ways such as lower specific gravity, relatively large volumes but low tonnage of product, and its habit of absorbing moisture requires extensive dewatering processes more complicated than settlement and filtration. Most significant, for this paper at least, is the fact that crushing coal is not as energy intensive and much smaller equipment is applicable.Crushing and screening of ores is intended to reduce the size of all constituents as quickly and efficiently as possible to allow liberation of the mineral particles. The crushing of coal is different in that the coal is not the minor constituent and the production of fines, in the initial stages at least, is highly undesirable. The basic objectives of crushing coal are the reduction of run-of-mine material to sizes suitable for cleaning or further reduction of coal to market sizes."

Jan 1, 1989

By J. E. Johnson

THE production of metal-working tools has been revolutionized within the last 18 years, since the invention by Taylor and White of a process of heat-treating steel tools, which resulted in increasing their cutting capacity several fold over what it had been before. This was an exceedingly important invention, although it consisted principally, in establishing this fact overheating when it accidentally, occurred in the ordinary:-process of forging, spoiled the steel, but if carried very much farther or to-a point that would have been considered absolutely ruinous to the steel under the old ideas, it resulted in imparting a cutting power several times as: high as had ever been obtainable before. The quality that gives the steel this power eventually received the name of "red hardness." This name originated in the fact that tools possessing this property retain their resistance to deformation even when subjected to, such severe cutting stresses that the metal just back of the point is heated, under certain conditions, to a visible red. It is interesting in this connection to note that the edge of the tool itself does not become red because it is continually cooled by the fresh metal into which it is forced. The result of Taylor and White's invention was an intensive study, of tool steels all over the world and, although there was-great diversity of analysis in the high-speed steels of the early days, these steels today generally have an approximately similar composition, the principal constituents being froth 15 to 20 per cent. of tungsten, from 4 to 6 percent. of chromium, from 1 to 2 per cent. of vanadium, and from 0.50 to 1 per cent. of carbon. It is probably safe to say that standard brands of such high-speed steels will do from five to ten times as much work in a given time as the carbon steels, and even the Musket steels, which were the sole dependence up to the beginning of this century, when the Taylor-White process was discovered. With the increasing cost of labor, it is not surprising that these steels have driven froth the market, for all but limited purposes, the older types of steel.

Jan 2, 1919

By John C. Nichols

The Ouachita, Ozark-St. Francis, and Mark Twain National Forests are located within the Ozark and the Ouachita Mountains regions of southern Missouri, central and northern Arkansas, and eastern Oklahoma- an area generally referred to as the Ozark-Ouachita or Interior Highlands. These national forests share many similarities in geography, biotic resources, and areas of shared public, market, and user interests. The three national forests have joined together to evaluate the natural resources within the Highlands and to study the impacts of the forests on local and regional economies and on the people who use these national forests and their resources. Other federal, state, and local government agencies and universities have joined with the Forest Service in this project, broadening the assessment area beyond the national forest boundaries to include 107 counties in Arkansas, Missouri, and Oklahoma. The diverse, resource-related data for the as- sessment area address social, economic, terrestrial, and aquatic issues and conditions throughout the Highlands. The assessment report currently is being developed by the Forest Service and will include an accoMpanying CD-ROM. The Ozark-Ouachita Highlands assessment has provided a forum for minerals- and geology-related resources, industries, social significance, and potential to be profiled and discussed along with other critical assessment resources. The state geological agencies in Arkansas, Missouri, and Oklahoma were active contributors to this effort. Their reports and other key data bases developed and used for the minerals sections of the published assessment report will be available either as a supplemental CD-ROM or on the Internet. Updated information on the progress of the assessment report can be found at the Ouachita National Forest Website, at <http://www.fs.fed.us/oonf/ouachita.htm>. This will also include a matrix displaying the minerals in the assessment area, their occurrence by assessment-area counties, and a potential ranking, as well as information on interesting geologic features. The state and federal reports, resources, and data bases, have helped answer key questions concerning mineral resources and related issues in the Highlands:

Jan 1, 1999

Under the sponsorship of the U.S. Department of Energy, a project was completed in 2005, which studied the use of a special pneumatic capsule pipeline (PCP) system, driven by linear induction motor (LIM), for transporting minerals and/or mine wastes. In this study, the pipeline is a rectangular tube of 1m × 1m cross section. The capsules are similar to railroad cars running on small rails imbedded in the tube. A LIM is placed AT the entrance of the tube to transfer power electro-magnetically from the LIM to capsules. The capsules going through the LIM, propelled by the electromagnetic field generated by the LIM, move faster than the air and hence impart energy into the airflow. This in turn pushes the capsules in the tube forward. When the tube is long (say longer than 10 km), additional LIMs may be needed along the tube to serve as booster pumps. An advantage of using LIMs instead of blowers as used in ordinary PCPs is that capsules can pass through the LIMs unhindered. This enables the use of booster pumps for long tubes. It also enables PCP to achieve much higher cargo throughput than that of PCPs using blowers, thereby reducing unit cost ($ per ton-km). Advantages of using capsules with steel wheels running on steel rails in the tubes including: (1) contact friction is only about one-fifth of that using rubber tires, thereby conserving energy, (2) capsules can run at a much higher speed than those using rubber tires without overheating and damaging the tires, and (3) rails make capsule motion control simple; they restrict lateral movement of capsules, and make branching easy-by using standard rail crossing equipment. This advanced PCP system combines the advantages of LIM with the advantages of rails, resulting in a super-efficient tube system having throughputs an order of magnitude greater than that of conventional PCPs, and having an energy efficiency better than railroad transport. Analysis shows that the system is highly cost-effective when throughput is high-at least 5 million tons per year. The system is most suitable for long-distance transportation of minerals (including coal and flyash) and wastes (including both mine wastes and municipal solid waste).

Jan 1, 2014

By R-H Yoon

A turbulent flotation model has been developed by considering the subprocesses of collision, attachment, detachment, and froth recovery. AbrahamsonÆs model (1975) of infinite Stokes number is used to model collision, while the attachment and detachment subprocesses are modelled by considering the kinetic energies required to overcome the energy barriers and the work of adhesion, respectively. The energy barriers are determined by considering various surface forces, including electrostatic, dispersion and hydrophobic forces, while the kinetic energies are determined from the particle velocities at close separation distances from air bubbles. The latter has been determined by modifying the turbulent root-mean-square (RMS) velocities of Liepe and Moeckel (1976) and Schubert (1999) in view of a lubrication theory. In calculating the RMS velocities, it is assumed that a flotation cell is subdivided into low and high energy dissipation zones. The model predictions made by varying various hydrodynamic and surface chemistry parameters are consistent with flotation practice.

Jan 1, 2005

By Jiayao Wang, Jian Chen, Leiting Shen, Hongyang Wang, Zeping Cao, Ziru Wang

Large amounts of by-products, including coal gangue, circulating fluidized bed (CFB) slag, and coal fly ash (CFA), are generated during mining, washing and burning of high alumina coal (HAC). The stockpile of these by-products of HAC will cause the pollution of air, water and soil. Meanwhile, the unbalanced regional distribution of bauxite and alumina production has been a critical challenge for the sustainability of world alumina refineries, especially for China. Therefore, economical extraction of alumina from by-products of HAC not only resolves the environmental pollution problems caused by stockpile but also decreases the dependence degree of import bauxite in China. Considering the fact that powder alumina can only be produced by alkali methods, the alkali extraction of alumina from by-products of HAC is summarized in this paper. Based on the formation process of by-products of HAC, the principle, research status, and problem of existing methods were analyzed and discussed, as well as the forecast of research trend. The analyses indicate that simplex recovery of alumina from byproducts of HAC generates large amounts of leaching residue (red mud) with difficulty for disposing, while comprehensive extraction of alumina and silica meets the research trend for clean and high-value utilization.

Aug 25, 2023

INTRODUCTION Trade financing is a particularly important component of short-term financing for a minerals company since errors, extra costs, or payment delays/defaults can easily wipe out the profit margin on a particular shipment or can cause problems when arranging purchases of e.g. reagents. It is required to make any minerals operation function and does not have to be cross-border to require proper management. Sources of working capital are as follows: 1. Extended credit terms from suppliers 2. Inventory loans from banks, finance companies 3. Accounts receivable financing or factoring 4. Credit lines or overdraft facilities from banks. TRADE CREDITS These are provided under the familiar terms "net 10 days" or payment due by the "10th day of the following month." Thirty days for payment is usual but longer periods can be negotiated with regular suppliers. Shipment may be made on open account with specified periods for settlement. In the mining industry, a custom smelter gains trade credit by paying for concentrates three months after the month of shipment. INVENTORY LOANS Various forms of inventory finance are provided via "floor-plan" or warehouse financing. A set percentage, usually 60%-80%, of a good-quality, readily saleable inventory item (e.g. bullion, concentrates, ingots) will be provided by a bank or finance company which will usually have security over these products and has a right to inspect the goods from time to time. Legal security will he achieved by warehouse receipts, floating liens, chattel mortgages, trust receipts, or through collateral management service companies. The latter certify control over stock or distribution outlets and often carry insurance against fraud. Costs range around 1.5% - 2.0% p.a. or more plus some fees to cover out-of-pockets or other costs. ACCOUNTS RECEIVABLES Accounts receivable financing is based on the company&apos;s generation of satisfactory receivables which are continuously assigned to a bank or finance company ("factoring"). Because of the risks in being able to collect receivables, such as payments to a smelter for its blister copper shipments to a refinery, this form of financing costs as much as 3% - 5% of the debt amount purchased plus an additional charge for processing paperwork. Receivables can be purchased with or without recourse and on a notification or non-notification basis to the client&apos;s customer to, respectively, pay the invoice directly to the bank or not. LETTERS OF CREDIT Letters of Credit ("L/C&apos;s") are a common feature of international trade finance whereby a bank, at the request of the buyer, issues a written undertaking to an exporter to pay a specified sum of money within a set time on presentation of previously specified documents. This undertaking means that the exporter is no longer relying on the credit standing and integrity of the foreign importer. A dispute about shipment does not otherwise affect the obligation to pay upon presentation of a "clean" set of documents. These documents include the hill of lading and other documentation, often on standard "form" bases. There are a number of conventions and techniques in L/C&apos;s such as irrevocable/revocable L/C&apos;s, time L/C&apos;s, confirmation/advising L/C&apos;s and transferable L/C&apos;s. These are tools to adjust for the varying risks that the importer will not pay. Other routes where one is comfortable with an importer include documentary sight hills (D/P hill), documentary term bills (D/A bill), and, of course, open account.

Jan 1, 1985

With the exception of the mentions of coal in Illinois in the period 1660-1680, already referred to, the first coal found in the United States was in the James River, Virginia, field. In 1699 a large tract of .land above the present city of Richmond was allotted for a settlement of French Huguenots by the colonial, government, near the present Manakin, about fourteen miles above Richmond. They soon found coal, tradition says it was uncovered by a hunter pulling out a small tree in a. steel) bank near a stream, and Colonel William Byrd, F.R.S., the most prominent man of his day in the colony, wrote to the Colonial Council of Virginia, May 10 and 11, 1701: "The 10th of May, last., I with Coll. Randolph, Capt. Epes, Capt. Webb, &c., went up to the new settlements of ye French Refugees at ye Manaken Town.... We went tip to ye Cole, w&apos;ch is not above a mile and a half from their settlement on the great upper Creeke, w&apos;ch, riseing very high in great Raines hath washed away the Banks that the Coal lyes bare, otherwise it&apos;s very deep in the Earth, the land being very high, and near the surface is plenty of Slate.", Some of the Frenchmen were evidently familiar with the use of coal, as on May 22, 1702, "David Menestrier a black smith and one of ye french Refugees Inhabiting at Luciana Petitioning his Excellency that he may have leave to use ye coal mines lately discovered there for his forge his Excellency by and with ye advice of ye Council loth hereby give Leave to ye said David Menestrier to take what coales he shall want. out of ye said Coal mine for ye use of his forge according to ye Prayer of ye said Petition."2 There was some uncertainty about the grant of these lands to the Huguenots which caused the request for leave to use this coal, as a Virginia patent in its usual form allowed the owner to mine all minerals excepting gold and silver, which were subject to royalties for the Crown. After the visit to the coal above mentioned, "Wm. Byrd, understanding the land had not been granted to the French, took out a patent for 344 acres, including the same, (the coal) which patent was dated October 20, 1704".3

Jan 1, 1942

By M. J. Collins

The Advocate Mines Limited asbestos property is 6 km north of Baie Ve rte on the northeast coast of Newfoundland. Mining began in the early 1960s and was concluded in 1981. The chrysotile asbestos deposit lies at the north end of the Baie Verte Lineament, the interface between a closing ocean floor and continental margin. Asbestos occurs within ultramafic rocks of abducted ophiolite massifs that were thrust westward against Fleur-de-Lys Supergroup metasediments (continental rise sediments) in the Lower to Middle Ordovician. The asbestos-bearing ultramafics belong to the Central Ultrabasic Sequence of the Advocate Complex. Serpentinized peridotite of this sequence has a 'waste cap' core that grades outward to increasingly sheared rock. Asbestos is found mainly in a northtrending, basin-shaped zone surrounding the core, specifically within fractured serpentinized peridotite that abuts the sheared rock. Asbestos appears as stockworks of chrysotile cross fibre veins and is concentrated between brown, narrow brucitic dunite dykes and sills. Shear contacts commonly surround the ultrabasic body. Cross faults and complex Jointing also exist. The Advocate Mines Limited mill produced 65,000 tonnes of Group IV fibres and 1 l , 000 tonnes of Group VJ fibres annually. The bagged product enjoyed markets worldwide.

Jan 1, 1984